Centene Corp (CNC)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 163,071,000 | 161,726,000 | 157,745,000 | 155,517,000 | 153,999,000 | 150,100,000 | 147,923,000 | 146,251,000 | 144,547,000 | 141,554,000 | 138,095,000 | 133,184,000 | 125,982,000 | 121,702,000 | 118,386,000 | 115,073,000 | 111,115,000 | 101,690,000 | 91,576,000 | 82,220,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,434,000 | 2,416,000 | 2,478,000 | 2,432,000 | 2,479,000 | 2,557,000 | 3,583,000 | 3,391,000 | 6,939,000 | 4,209,000 | 4,161,000 | 2,774,000 | 3,757,000 | 2,544,000 | 2,439,000 |
| Fixed asset turnover | — | — | — | — | — | 61.67 | 61.23 | 59.02 | 59.44 | 57.10 | 54.01 | 37.17 | 37.15 | 17.54 | 28.13 | 27.66 | 40.06 | 27.07 | 36.00 | 33.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $163,071,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its investment in fixed assets.
Based on the data provided for Centene Corp, the fixed asset turnover ratio has shown significant fluctuations over the period. The ratio started at a high of 33.71 in March 2020, indicating that Centene was generating $33.71 in sales for every $1 invested in fixed assets.
The ratio increased further to 40.06 by December 2020, suggesting improved efficiency in utilizing fixed assets to generate revenues. However, in the following quarters, the ratio fluctuated, dropping to 17.54 in September 2021 before rebounding to 61.67 by September 2023.
The last available data point shows a fixed asset turnover ratio of 59.02 in March 2023. This indicates that Centene is generating approximately $59.02 in sales for every dollar invested in fixed assets.
Overall, the trend in Centene's fixed asset turnover ratio has been volatile, with periods of both improvement and decline. It is important for investors and analysts to monitor this ratio to assess the company's efficiency in utilizing its fixed assets to generate revenues.
Peer comparison
Dec 31, 2024